New Listing 5140 ewart, burnaby, BC
CLARK & 12th Project 6 Storey Mixed-use Rental Building Unit Count: 32 Residential : 1 Bedrooms - 4 2 Bedrooms - 10 4 Bedrooms -18 4 Commercial FSR: 3.0 CAPITALIZATION RATE: 3.79% Situated at the intersection between the two arterial connectors, Clarke Drive and 12th Avenue, this site provides superb convenience for its residents. Its close proximity to two transportation hotspots (VCCClark and Commercial-Broadway), assures its residents easy access to different centres of the lower mainland. These hotspots are also brimming with exciting retail shops and services centres. Besides being located halfway between University of British Columbia and Simon Fraser University, its proximity to Vancouver Community College and Emily Carr University of Art + Design establishes this development as the prime choice for student rental. Moreover, surrounding areas such as False Creek Flats and Broadway Corridor are highly-sought employment centers, making it exceptionally attractive for students and young professionals. The Property has a street frontage of 99.05’ along East 12th Avenue and 115.00’ in depth along the Clark Drive. The proposed density is 3.0 FSR with 90% of Dwelling units having two bedroom or more. The homes could be converted into family homes in the future if the market would require adaptation. The design approach is derived from the original Monadon- Fourth building that won 2 of the inaugural Urban Design Awards from the City of Vancouver in 2014.